phase 1 is usually a lender requirement.. on that small of project unless you have some knowledge that it was once a gas station or something..

I have reached out to local developers to buy me out and they are all too involved with other projects.

But since have rebuilt credit and capital for down payment.Is anybody doing new construction small multi family projects and how are you financing them?

It may make you some money - but it will be a long project.

But he may be right as well. you should have gotten multiple bids before you started the project. that would have addressed your concerns regarding overpaying.

@Brent Coombs I will concede that this is tough on your first project but I absolutely can get these terms from private lenders and refinance after six months into a conventional loan based on 75% ltv as appraised after the renovations.

Ultimately I scrapped my project because there was no way to add the requisite parking to add the third unit.

Now onto the project!

Specific repair projects and supplies, maintenance that are property specific are listed on the Schedule E for each respective property.

I KNOW that market very well, having built all types of projects from SFR, MFR, subdivisions, office parks, medical/dental, retail/office condos, etc.